DineEquity Inc. (DIN) Hits New 1-Year Low at $75.36
DineEquity Inc. (NYSE:DIN) hit a new 52-week low during trading on Wednesday . The company traded as low as $75.36 and last traded at $76.75, with a volume of 187,437 shares trading hands. The stock had previously closed at $80.19.
DIN has been the topic of a number of analyst reports. Nomura initiated coverage on DineEquity in a report on Wednesday, April 20th. They set a “buy” rating and a $107.00 target price on the stock. Zacks Investment Research upgraded DineEquity from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a report on Tuesday, July 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. DineEquity currently has a consensus rating of “Hold” and an average target price of $98.25.
The stock has a 50 day moving average of $82.47 and a 200-day moving average of $86.17. The firm has a market cap of $1.39 billion and a price-to-earnings ratio of 13.97.
DineEquity (NYSE:DIN) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $1.59 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.59. The business had revenue of $160.25 million for the quarter, compared to analyst estimates of $161.76 million. During the same quarter in the prior year, the firm posted $1.53 earnings per share. The business’s quarterly revenue was down 6.5% on a year-over-year basis. On average, equities analysts expect that DineEquity Inc. will post $6.11 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 7th. Stockholders of record on Friday, September 16th will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $3.68 annualized dividend and a dividend yield of 4.87%.
Other institutional investors have modified their holdings of the company. RS Investment Management Co. LLC increased its position in shares of DineEquity by 35.9% in the fourth quarter. RS Investment Management Co. LLC now owns 622,354 shares of the company’s stock valued at $52,695,000 after buying an additional 164,375 shares in the last quarter. Nicholas Co. Inc. WI increased its position in shares of DineEquity by 112.4% in the fourth quarter. Nicholas Co. Inc. WI now owns 277,506 shares of the company’s stock valued at $23,496,000 after buying an additional 146,826 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of DineEquity by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 694,595 shares of the company’s stock valued at $58,812,000 after buying an additional 43,190 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of DineEquity during the fourth quarter valued at about $5,879,000. Finally, Principal Financial Group Inc. increased its position in shares of DineEquity by 0.8% in the fourth quarter. Principal Financial Group Inc. now owns 110,638 shares of the company’s stock valued at $9,368,000 after buying an additional 866 shares in the last quarter.
DineEquity, Inc, together with its subsidiaries, owns and franchises the Applebee’s Neighborhood Grill & Bar (Applebee’s) concept in the bar and grill segment within the casual dining category of the restaurant industry, and owns, franchises and operates the International House of Pancakes (IHOP) concept in the family dining category of the restaurant industry.
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